Targa Resources
TRGP
511 hedge funds and large institutions have $12.2B invested in Targa Resources in 2022 Q3 according to their latest regulatory filings, with 55 funds opening new positions, 188 increasing their positions, 183 reducing their positions, and 56 closing their positions.
28% more call options, than puts
Call options by funds: $69.6M | Put options by funds: $54.3M
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
1.95% more ownership
Funds ownership: 86.98% → 88.94% (+2%)
3% more repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 183
3% more capital invested
Capital invested by funds: $11.8B → $12.2B (+$320M)
2% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 56
2% less funds holding
Funds holding: 521 → 511 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$131M |
| 2 |
Los Angeles Capital Management
Los Angeles,
California
|
+$82.2M |
| 3 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$53M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$46M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$43.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$58.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$54.2M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$38.4M |
| 4 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$38M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$37.8M |
TRGP Hedge Fund Activity: Q3 2022 in Review
511 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Targa Resources (TRGP) for Q3 2022, worth a combined $12.2B — up 2.7% from $11.8B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of TRGP and 55 opened new positions — a net loss of 1 holder — while 183 trimmed existing stakes and 188 added.
The largest buyer was Wellington Management Group, adding an estimated $131M. The largest seller was Blackstone Inc, cutting an estimated $58.6M.
- 511 institutional investors held Targa Resources (TRGP) as of Q3 2022, down from 521 in Q2 2022.
- Funds reported $12.2B of Targa Resources stock for Q3 2022, up 2.7% quarter-over-quarter.
- 55 funds opened new Targa Resources positions in Q3 2022 and 56 closed out, a net change of -1 holder.
- The largest Targa Resources buyer in Q3 2022 was Wellington Management Group, an estimated $131M added.
- The largest Targa Resources seller in Q3 2022 was Blackstone Inc, an estimated $58.6M sold.
Based on aggregated 13F filings for Q3 2022.